The result was announced during market hours today, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 26.53 points or 0.09% at 28,380.07.

On BSE, so far 4.35 lakh shares were traded in the counter as against average daily volume of 1.71 lakh shares in the past one quarter. The stock was volatile. The stock rose as much as 4.76% at the days high of Rs 126.40 so far during the day. The stock lost as much as 0.91% at the days low of Rs 119.55 so far during the day. The stock had hit a 52-week high of Rs 153.70 on 28 December 2015. The stock had hit a 52-week low of Rs 68 on 29 September 2015. The stock had outperformed the market over the past one month till 12 September 2016, gaining 4.32% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 9.33% as against Sensexs 6.45% rise.

The small-cap company has equity capital of Rs 23.43 crore. Face value per share is Rs 1.

Kwality is one of the Indias largest and fastest growing private dairy companies.

Net profit of Coal India declined 14.78% to Rs 3065.28 crore in the quarter ended June 2016 as against Rs 3596.93 crore during the previous quarter ended June 2015. Sales declined 6.12% to Rs 17796.05 crore in the quarter ended June 2016 as against Rs 18955.75 crore during the previous quarter ended June 2015.

Net profit of IL&FS Transportation Networks reported to Rs 17.87 crore in the quarter ended June 2016 as against net loss of Rs 18.64 crore during the previous quarter ended June 2015. Sales rose 3.55% to Rs 937.46 crore in the quarter ended June 2016 as against Rs 905.29 crore during the previous quarter ended June 2015.

Net Loss of GTL Infrastructure reported to Rs 135.01 crore in the quarter ended June 2016 as against net loss of Rs 210.17 crore during the previous quarter ended June 2015. Sales rose 1.03% to Rs 232.42 crore in the quarter ended June 2016 as against Rs 230.04 crore during the previous quarter ended June 2015.

Net Loss of McNally Bharat Engineering Company reported to Rs 196.98 crore in the quarter ended June 2016 as against net loss of Rs 55.61 crore during the previous quarter ended June 2015. Sales declined 12.32% to Rs 391.22 crore in the quarter ended June 2016 as against Rs 446.19 crore during the previous quarter ended June 2015.

Net profit of Reliance Infrastructure rose 7.22% to Rs 438.80 crore in the quarter ended June 2016 as against Rs 409.27 crore during the previous quarter ended June 2015. Sales rose 2.58% to Rs 7032.83 crore in the quarter ended June 2016 as against Rs 6856.00 crore during the previous quarter ended June 2015.

Net profit of Bombay Rayon Fashions reported to Rs 7.17 crore in the quarter ended June 2016 as against net loss of Rs 50.45 crore during the previous quarter ended June 2015. Sales rose 14.27% to Rs 1014.01 crore in the quarter ended June 2016 as against Rs 887.39 crore during the previous quarter ended June 2015.

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

The announcement was made during market hours today, 14 September 2016.

Meanwhile, the S&P BSE Sensex was down 26.98 points or 0.1% at 28,326.56.

On BSE, so far 76,859 shares were traded in the counter as against average daily volume of 1.95 lakh shares in the past one quarter. The stock hit a high of Rs 49.50 and a low of Rs 46.65 so far during the day.

JMT Auto is one of the largest auto component manufacturers in the Eastern region with proven capabilities in heat treatment and gear manufacturing besides a variety of components for oil and gas industry.

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Nalco slips after reporting weak Q1 results

Sep 14,2016

The announcement was made after market hours on Monday, 12 September 2016. Stock market remained closed yesterday, 13 September 2016 on account of holiday.

Meanwhile, the S&P BSE Sensex was down 35.48 points or 0.13% at 28,318.31.

On BSE, so far 1.49 lakh shares were traded in the counter as against average daily volume of 1.95 lakh shares in the past one quarter. The stock hit a high of Rs 46.85 and a low of Rs 45.75 so far during the day. The stock had hit a 52-week high of Rs 51.40 on 8 September 2016. The stock had hit a 52-week low of Rs 29.75 on 12 February 2016. The stock had underperformed the market over the past one month till 12 September 2016, falling 1.26% compared with 0.71% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.98% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 1288.62 crore. Face value per share is Rs 5.

National Aluminium Company (Nalco) said that despite quantum jump in production, the profit in Q1 June 2016 took a dip due to low market realization.

State-run Nalco has integrated and diversified operations in mining, metal and power. The Government of India (GoI) held 80.93% stake in the company (as per the shareholding pattern as on 30 June 2016).

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Board of R Systems International approves proposal for buyback of shares

Sep 14,2016

R Systems International announced that the Board of Directors of the Company at its meeting held on 14 September 2016, which commenced at 09:00 A.M. and concluded at 11:15 A.M. has inter alia approved the following:

1. A proposal for Buyback of Equity Shares of the Company, for an aggregate amount not exceeding Rs. 19,50,00,000/- (Rupees Nineteen crores Fifty Lakhs only) (hereinafter referred to as the n++Maximum Buyback Sizen++) being 9.88% of the total paid-up equity capital and free reserves of the Company as on 31 December 2015, at a price of Rs. 65/- (Rupees Sixty Five only) per Equity Share (hereinafter referred as n++Buyback Pricen++) from all existing shareholders of the Company on the record date determined by the Board of Directors i.e. Friday, September 30, 2016, on a proportionate basis through n++Tender Offern++ route in accordance with the provisions contained in the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 (n++Buyback Regulationsn++) (including any statutory modification(s) or re-enactment of the Act or Buy-back Regulations, for the time being in force) and the Companies Act, 2013 and rules made thereunder. The Maximum Buyback Size, excludes transaction costs viz. fees of various agencies, brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc. (n++Transaction Costsn++). At Buyback Price, the buyback translates into 3,000,000 Equity Shares of the Company, representing 2.36% of the total paid up equity share capital of the Company as on 31 December 2015.

2. Constitution of the Buyback Committee and delegation of its powers to the Buyback Committee to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in connection with the Buyback.

3. Appointment of Motilal Oswal Investment Advisors as the Manager to Buyback Offer, Link Intime (India) as Registrar and Investor Service Centre, and Ashish Thakur, Company Secretary as Compliance Officer for the purpose of the Buyback.

Further, The Board also noted the intention of the members of the promoter and promoter group of the Company to participate in the proposed Buyback.

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Kamadgiri Fashion fixes record date for dividend

Sep 14,2016

Kamadgiri Fashion on 27 August 2016 fixed 12 September 2016 as record date for payment of dividend.

Meanwhile, the S&P BSE Sensex was down 39.23 points or 0.14% at 28,314.31.

Cairn Indias equity shareholders approved the scheme of arrangement for merger of the company with Vedanta with requisite majority. Vedantas shareholders had already approved the same on 9 September 2016.

Tom Albanese, CEO of Vedanta said that the approval for the Vedanta and Cairn India merger by both sets of shareholders consolidates Vedantas portfolio of attractive, Tier-I assets and simplifies the group structure. Vedanta remains committed to delivering superior value for the shareholders of the merged company through its diversified portfolio of world-class, low cost, long-life assets that have significant growth potential.

The merger scheme is now subject to the approval of the jurisdictional High Courts and other regulatory approvals and is expected to be effective by the end of the current financial year (FY 2017).

It may be recalled that Vedanta, Cairn India and the parent company, Vedanta Resources plc had announced revised and final terms to the recommended merger between Vedanta and Cairn India on 22 July 2016. The boards of Vedanta and Cairn India had approved revised and final terms for the transaction, taking into account prevailing market conditions and having regard to underlying commercial factors. Pursuant to the revised and final terms, each Cairn India minority shareholder would receive for each equity share held in Cairn one equity share in Vedanta and four redeemable preference shares with a face value of Rs 10 in Vedanta with a coupon of 7.5% and tenure of 18 months from issuance and implied premium of 20% to one month volume weighted average price (VWAP) of Cairn India share price.

Vedanta is a diversified natural resources company. Its business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia, Ireland, Liberia and Sri Lanka. The companys consolidated net profit fell 27% to Rs 615.02 crore on 15.2% decline in net sales to Rs 14364.01 crore in Q1 June 2016 over Q1 June 2015.

Cairn India, a part of the Vedanta group, is one of the largest independent oil and gas exploration and production companies in India. On a consolidated basis, the companys net profit slipped 28.3% to Rs 359.55 crore on 28.2% fall in net sales to Rs 1885.11 crore in Q1 June 2016 over Q1 June 2015.

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Negative Growth of IIP worrying: PHD Chamber

Sep 14,2016

The negative growth of IIP at (-) 2.4 for the month of July 2016 is a major cause of concern as growth of Capital goods has decelerated significantly by (-) 29% which is indicative of subdued pace of investments in the economy, said Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry.

However, the growth of consumer durables at 5.9% is encouraging in anticipation of bumper kharif crops vis-n++-vis good monsoon scenario. We believe there is a need to push domestic demand particularly the rural demand in the economy, said Dr. Gupta.

We look forward to calibrated policy measures from the RBI in terms of reduction in the policy rates.

We also look forward to increase in public investments by the Government to help domestic demand to revive in the coming times, said Dr. Gupta.

The revival in the domestic demand would be crucial for the steady growth trajectory going forward as world economic environment is still in its lacklustre growth trajectory, said Dr. Mahesh Gupta.

These measures would go a long way to boost consumer demand and growth of manufacturing sector in the economy, said Dr. Gupta.

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Geometric releases Tolerance based Machining for CAMWorks

Sep 14,2016

Geometric Americas announced a new release of their revolutionary technology that uses SOLIDWORKSn++ 3D DimXpert and Model Based Definition (MBD) 3D dimensions and annotations to automate the programming of CNC machined components.

CAMWorks was uniquely architected to reduce a 3D solid model into a set of discrete machining features, and apply a knowledge base that selects tools, feeds, speeds, and machining strategies to automate the creation of CNC toolpaths. Tolerance Based Machining dramatically enhances CAMWorks core architecture by adding the ability to read and react to non-geometric manufacturing information such as tolerances, surface finish, and other annotations in 3D models. This ability not only speeds up the CNC programming process, and improvements in quality, but also creates a much stronger design-to-manufacturing process for machined components.